I had my bankruptcy discharged a year ago. I contacted Wells Fargo to refinance my home for a lower interest rate after loan mod
Steven's answer
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Answered on August 30, 2012
First you can't re-open your case to reaffirm a debt - at least not in my experience. Many lawyers advise their clients not to reaffirm any debts -...
Archived
If a joint tax refund was deposited into a joint account and one spouse withdraws it all is there a way to get half back?
Steven's answer
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Answered on August 29, 2012
As you point out, correctly, one of the holders of a joint account has every right to withdraw all the money. This question would be better asked...
Archived
How much money can be 'gifted' without having to pay tax on it?
Steven's answer
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Answered on August 29, 2012
Attorney Perez is absolutely correct. The gift tax is an excellent tool for estate planning purposes.
I hope this helps.
Respectfully,...
Archived
What are the tax consequences of a short sale vs a deed in lieu vs a foreclosure for a main home (condo) private residence?
Steven's answer
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Answered on August 29, 2012
Actually, each of these options may leave the former home owner with tax consequences. They find they are issued a 1099-C, forgiveness of debt. ...
Being audited by the IRS, but why?
Steven's answer
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Answered on August 29, 2012
There are many different reasons the IRS chooses returns for audit. Some are random choices, some because of the types or amounts of deductions,...
Archived
IF I FILE CHAPTER 7 TO DISCHARGE OVERWHELMING MEDICAL BILLS, ARE LIFE INSURANCE BENEFITS FROM MY HUSBAND'S DEATH, THAT ARE IN AN
Steven's answer
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Answered on August 29, 2012
Generally, when you file a bankruptcy petition an estate is created,everything you own at the time of filing becomes property of the estate. There...
Archived
Do banks speed up the foreclosure process after Chapter 7 bankruptcy discharge?
Steven's answer
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Answered on August 29, 2012
Often, a Chapter 7 will slow down the process because the loan is placed with the bankruptcy department to make sure they do not violate the...
Archived
I turn my mortatage company into the office of the comptroller of the currency,my house is now in foreclosure, what should do?
Steven's answer
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Answered on August 29, 2012
Generally, whenever you are a defendant in a law suit you should get involved in that law suit. Don't leave it to chance - you are listed as a...
Archived
How do I answer a foreclosure letter, if I am listed on the property but not the loan?
Steven's answer
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Answered on August 29, 2012
Your question isn't clear - is the 2nd foreclosing? Generally, whenever you are a defendant in a law suit you should get involved in that law...
Archived
My business is an assumed business name for me & owns a car listed in my Chapter 7. The bank tried repossess it. Was this legal?
Steven's answer
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Answered on August 29, 2012
Generally, a sole proprietorship's debts and assets are that of the owner - even if doing business under an assumed name. The determination of...
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